Safran in talks with European partner for mobile handset deal - sources |
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Fri, 19 Jan 2007 19:06
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PARIS (AFX) - Safran is in talks with a European telecom company over a possible partnership for its troubled mobile handset division, a source close to the matter said following a board meeting presided over by the new supervisory board chairman, Francis Mer.The deal would see Safran building handsets for the company, whose identity was not disclosed, one of the sources said, adding that the talks are 'well advanced.'It would allow Safran to focus on mid- to high-end equipment, instead of trying to compete with more standard models, where price competition has been steadily increasing.For Gontran Filet, an analyst with the telecom research institute IDATE, Sony-Ericsson could be a partner for Safran, since its own range of mobile phones, which include music and photo applications, would fit well with Safran's own high-end models.paris@afxnews.comafp/js/gpCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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Safran CEO says mobile phone business not for sale; keeps FY margin target 